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Toqio provides an embedded finance platform, empowering businesses to quickly develop and deploy tailored financial products and services. This flexible SaaS solution enables clients to integrate banking, lending, and payment functionalities directly into existing customer journeys or create new financial propositions. The platform's configurability and customization allow organizations to meet specific market demands, driving financial innovation.
Founded in 2019 by Eduardo Martínez Garcia and Michael Galvin, Toqio originated from their prior success with Geniac, a small business SaaS firm. Their insight recognized the increasing need for modular financial technology and the limitations of traditional infrastructure. They envisioned a platform streamlining financial service creation, making advanced fintech capabilities broadly accessible to diverse enterprises.
Toqio serves diverse businesses, from digital banks to established corporations, all aiming to embed financial capabilities. The platform facilitates crafting unique financial solutions that enhance customer experiences and broaden possibilities. Toqio’s vision is to become the premier infrastructure for financial innovation, enabling global organizations to build and launch bespoke financial products efficiently.
Toqio has raised $46.5M across 3 funding rounds.
Toqio has raised $46.5M in total across 3 funding rounds.
Toqio has raised $46.5M in total across 3 funding rounds.
Toqio's investors include Emil Gigov, Leandro Sigman, Alfonso Bassols, CDTI Innvierte, Aristotelis Xenofontos, SIX Fintech Ventures, Speedinvest, Albion VC, Mangrove Capital Partners, Seaya Ventures, Stefan Klestil, Yin Yan.
Toqio is a SaaS fintech platform specializing in embedded finance, enabling non-bank businesses like corporates and financial institutions to rapidly build, configure, and launch tailored financial solutions such as digital banking, card programs, and financing without coding.[1][2][3][4] It serves growth-oriented companies seeking to integrate finance into their ecosystems, solving the problem of high costs, complexity, and slow deployment in traditional fintech development by offering no-code/low-code tools, pre-integrated components, and a marketplace for third-party solutions.[1][2][4] Key products include Digital Onboarding, Accounts & Payments, Cards & Expenses, and Admin & Analytics, with a focus on compliance, scalability, and revenue generation through customer retention and new streams; since its 2019 launch, Toqio has won 7 awards and expanded from digital banking to an enterprise platform, acquiring customers in the UK, Spain, and US.[1][2]
Toqio was founded in 2019 by Eduardo Martinez, an entrepreneur with 22 years of experience, including senior roles at Accenture and co-founding ventures like Olivo (2009) and Geniac (2014).[3] The idea emerged from recognizing a gap in the software industry akin to past sector disruptions, positioning Toqio as a first-mover in no-code fintech SaaS to let any company—not just banks—deploy finance propositions quickly.[2] Early focus was on digital banking, evolving into a configurable platform with marketplace distribution; pivotal moments include a 2020 UK launch, Q4 2021 Spain entry, and first US customers in December 2021, alongside offices in London, Madrid, and Nairobi.[1][2]
Toqio rides the embedded finance trend, where non-financial companies integrate banking/payments into platforms to monetize user relationships amid rising SME pain points and demand for seamless finance.[3][4] Timing aligns with post-2020 fintech maturation, shifting from siloed offerings to orchestrated, configurable platforms that close loops between banks, fintechs, and corporates—much like SaaS disrupted software historically.[2] Market forces favoring Toqio include regulatory pushes for compliance, no-code adoption, and corporate need for revenue diversification; it influences the ecosystem by fostering a collaborative marketplace, promoting financial inclusion, and redefining corporates as primary distribution channels, accelerating innovation for underserved verticals.[2][3][4]
Toqio is poised for global scale with EU/US teams, phased expansions into France and Germany, and deepened marketplace partnerships to drive customer acquisition via content, sales, and alliances.[2] Trends like AI-enhanced finance orchestration and Agent 2.0 adoption will amplify its edge, potentially evolving it into a dominant embedded finance backbone as corporates prioritize speed-to-market. Its influence may grow by standardizing no-code finance, unlocking SME growth worldwide—transforming "Toqio is a technology company" into a leader redefining accessible financial innovation.[2][3][4]
Toqio has raised $46.5M across 3 funding rounds. Most recently, it raised $19.6M Grant / Series A in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 30, 2022 | $19.6M Grant | Emil Gigov | Leandro Sigman, Alfonso Bassols, CDTI Innvierte, Aristotelis Xenofontos, SIX Fintech Ventures, Speedinvest | Announced |
| Sep 1, 2022 | $18M Series A | — | Albion VC, Mangrove Capital Partners, Seaya Ventures | Announced |
| Jul 1, 2021 | $9M Seed | Seaya Ventures, Stefan Klestil | Mangrove Capital Partners, YIN YAN | Announced |
